Thermon Group (NYSE:THR) Releases Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Thermon Group (NYSE:THR) posted its earnings results on Thursday. The technology company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.59 by $0.07, Briefing.com reports. Thermon Group had a net margin of 11.60% and a return on equity of 13.58%. The firm had revenue of $147.31 million for the quarter, compared to the consensus estimate of $138.35 million. During the same period in the prior year, the business posted $0.56 earnings per share. The business’s quarterly revenue was up 9.6% on a year-over-year basis. Thermon Group updated its FY 2026 guidance to 1.640-1.780 EPS.

Here are the key takeaways from Thermon Group’s conference call:

• Achieved record Q3 results — revenue of $147.3M (+10% YoY), adjusted EBITDA of $35.6M (+12%) and an adjusted EBITDA margin of 24.2%, with orders up 14% and a book-to-bill of ~1.1.
• Management raised full-year fiscal 2026 guidance to revenue of $516M–$526M and adjusted EBITDA of $114M–$120M, citing sustained order momentum and project pipeline strength.
• Data center opportunity gaining traction — Thermon shipped initial liquid load bank units, doubled its quote log to $60M, and is expanding production with a planned significant ramp into FY27.
• Medium-voltage heater business is an early but sizable growth vector — management reports a pipeline of > $150M, a backlog above $11M, and technical barriers that support a competitive moat as they scale manufacturing.
• Strong financial position and cash generation — net debt of $96.3M (0.8x leverage), $141M total liquidity, $13.1M Q3 free cash flow, and $38.5M remaining share repurchase authorization to fund growth, M&A, or buybacks.

Thermon Group Stock Performance

Thermon Group stock traded up $1.36 during mid-day trading on Friday, reaching $50.13. The company had a trading volume of 93,878 shares, compared to its average volume of 292,889. The company has a quick ratio of 1.74, a current ratio of 2.82 and a debt-to-equity ratio of 0.26. The firm has a market cap of $1.65 billion, a price-to-earnings ratio of 28.64 and a beta of 0.78. The company has a 50 day moving average of $40.09 and a 200-day moving average of $32.25. Thermon Group has a 52 week low of $23.05 and a 52 week high of $50.93.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on THR. Craig Hallum started coverage on Thermon Group in a report on Monday. They set a “buy” rating and a $60.00 price objective on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Thermon Group in a report on Monday, December 29th. Roth Mkm boosted their target price on shares of Thermon Group from $38.00 to $54.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Wall Street Zen upgraded shares of Thermon Group from a “buy” rating to a “strong-buy” rating in a report on Sunday, November 16th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $57.00.

Institutional Investors Weigh In On Thermon Group

Several hedge funds have recently made changes to their positions in THR. Canada Pension Plan Investment Board acquired a new stake in Thermon Group during the second quarter worth about $31,000. Danske Bank A S bought a new stake in shares of Thermon Group in the 3rd quarter worth approximately $45,000. NewEdge Advisors LLC acquired a new stake in shares of Thermon Group during the 3rd quarter worth approximately $83,000. Tower Research Capital LLC TRC boosted its stake in Thermon Group by 110.7% during the second quarter. Tower Research Capital LLC TRC now owns 3,255 shares of the technology company’s stock worth $91,000 after buying an additional 1,710 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in Thermon Group by 62.5% during the second quarter. BNP Paribas Financial Markets now owns 3,236 shares of the technology company’s stock worth $91,000 after buying an additional 1,245 shares in the last quarter. Institutional investors own 99.76% of the company’s stock.

Thermon Group Company Profile

Thermon Group, Inc (NYSE: THR) is a global provider of engineered thermal solutions designed to maintain process temperatures, prevent freezing and improve energy efficiency across industrial, commercial and power generation applications. The company specializes in the design, manufacture, installation and service of heat tracing systems, insulation and protective coatings for pipelines, tanks, vessels and other critical equipment.

Thermon’s core offerings include electric heat tracing, steam tracing, custom-engineered control panels, monitoring systems and advanced sensor technologies.